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India on Thursday revelled in Tata Motors’ purchase of British luxury motoring icons Jaguar and Land Rover even as analysts warned the 2.3-billion-dollar buy could hit the firm’s bottom line.
“Jaguar is now an Indian beast,” said the Times of...
Tata Steel, the world fifth largest steel maker’s fourth quarter net profit surged 41 percent, boosted with the hefty demand and higher prices for steel.
Company’s net profit for the fourth ending March 2007 increased to $270 million...
The world’s largest steelmaker, Arcelor Mittal, is looking for a potential acquisition target in U.S.A.’s AK Steel, if reports are to be believed. Financial Times reported on its website on Tuesday that Arcelor Mittal was eyeing up AK Steel for a...
Credit derivatives market would surely feel the pinch as Tata Steel has gone ahead and secured the largest ever loan for any Indian company. The market looks surprised as a result as the company has taken a loan for $7.29 billion as a part of long term...
Financing plan of India’s largest ever foreign acquisition is getting complicated. Last year Tata Steel started negotiation with 455 pence a share and ended inking 607 pence a share deal after a tough fight with Brazilian steel-maker CSN.
CSN...
Indian giant Tata steel has won the battle to take over the Anglo-Dutch steelmaker Corus from the Brazilian rival CSN for $11.3 billion and successfully build up world’s fifth-largest steel group.
The Indian company won at night long auction...
Brazilian steel maker CSN and Indian Corporate leader Tatas would start open bidding for acquisition of Britain’s Corus group from January 30, a development that could take Corus’ value at about $11 billion.
As per the code and conduct decided by...
The story is not yet over. The Corus takeover story has more drama in it than we ever expected. First, the Tata Steel bid to takeover Corus, which the board agreed for a sum of $8.1 billion. The deal is not complete yet as it is awaiting the go ahead by...
On Oct 9, we reported that Tata Steel was poised to bid for Corus, the Anglo-Dutch steel company for $9.3 billion.
On 18th the Corus board accepted a slightly lower bid than the previously speculated amount for $8.1 billion. This marked the largest...
India largest private sector steel company Tata Steel, which is a part of the Tata conglomerate is close to offer a $9.3 billion takeover bid for Corus, the Anglo-Dutch steel company. If everything goes according to the Tata plans, the takeover by the...
